ES Journal - 2023/2024

I'm merely arguing in terms of price action. But thanks for the suggestion.

 

And every other tick or 1-minute candle made sense today?

Index futures are very noisy short-term, so I would say you're making a mistake if you're trying to make sense out of every price move. Sure, it happened for a reason, but that doesn't mean it's predictable.

Further, I'm sure most of the volume that's transacted in index futures is not based on price action patterns.

I may be wrong, but that's my view.

 

Yes. Just post your exit...we trust you

 

It made total sense, up to that point. Then boom, it blew up in front of my face. Shocker, I know.

 

You must have missed my other posts about how much I dislike Fibs.

 

tried NQ ss for first trade of the day.
Still kinda bullish medium term but trying to catch a little counter move

 

Looks good for a rally into NFP, yes?

I think we take out last week's high at least. 5335. Possibly as soon as today.

That mysterious spike down could simply have been a larger playing putting on a hedge. Probably nothing to do with price action per se.

 

Sell 5327 or better. Target below 5300.

 

And that's what makes a market!

If this gap isn't sold on the RTH Open, I'm thinking 5350 on the day.